Regulations: FINRA Review Questions
and Answers | Latest Version |
2025/2026 | Correct & Verified
Which organization is primarily responsible for regulating U.S. broker-dealers?
A) SEC
✔✔B) FINRA
C) Federal Reserve
D) SIPC
FINRA operates under the oversight of which federal agency?
A) Department of Treasury
✔✔B) Securities and Exchange Commission
C) Federal Deposit Insurance Corporation
D) Commodity Futures Trading Commission
Which FINRA rule addresses standards of commercial honor and principles of trade?
A) Rule 3110
✔✔B) Rule 2010
C) Rule 4512
D) Rule 2210
What is the primary purpose of FINRA Rule 2210?
1
,A) Suitability of investments
✔✔B) Communications with the public
C) Anti-money laundering
D) Record retention
A registered representative must ensure recommendations are suitable based on which FINRA
rule?
A) Rule 2210
✔✔B) Rule 2111
C) Rule 3110
D) Rule 4511
Customer-specific suitability requires consideration of all EXCEPT:
A) Investment objectives
B) Financial situation
✔✔C) Firm profitability
D) Risk tolerance
Which document must be provided to a customer when opening a new account?
A) Trade confirmation
✔✔B) Customer Relationship Summary (Form CRS)
C) Prospectus
D) Margin agreement only
2
,FINRA Rule 4512 primarily governs:
A) Advertising content
✔✔B) Customer account information
C) Trading halts
D) Disciplinary actions
How long must a firm retain customer account records under FINRA rules?
A) 2 years
✔✔B) At least 6 years
C) 1 year
D) 10 years
Which activity would most likely violate FINRA Rule 2010?
A) Fair pricing disclosure
✔✔B) Misrepresentation to a customer
C) Timely trade execution
D) Proper supervision
FINRA Rule 3110 focuses on:
A) Communications with the public
✔✔B) Supervision
C) Financial reporting
3
, D) Licensing requirements
Who is responsible for a firm’s written supervisory procedures?
A) Any registered representative
✔✔B) The firm’s management
C) FINRA examiners
D) The SEC
Which FINRA rule governs anti-money laundering compliance?
A) Rule 2210
✔✔B) Rule 3310
C) Rule 2111
D) Rule 4512
A firm’s AML program must include all EXCEPT:
A) Customer identification procedures
B) Ongoing monitoring
✔✔C) Guaranteed investment returns
D) Independent testing
Which organization provides investor protection through brokerage account coverage?
A) FINRA
B) SEC
4
and Answers | Latest Version |
2025/2026 | Correct & Verified
Which organization is primarily responsible for regulating U.S. broker-dealers?
A) SEC
✔✔B) FINRA
C) Federal Reserve
D) SIPC
FINRA operates under the oversight of which federal agency?
A) Department of Treasury
✔✔B) Securities and Exchange Commission
C) Federal Deposit Insurance Corporation
D) Commodity Futures Trading Commission
Which FINRA rule addresses standards of commercial honor and principles of trade?
A) Rule 3110
✔✔B) Rule 2010
C) Rule 4512
D) Rule 2210
What is the primary purpose of FINRA Rule 2210?
1
,A) Suitability of investments
✔✔B) Communications with the public
C) Anti-money laundering
D) Record retention
A registered representative must ensure recommendations are suitable based on which FINRA
rule?
A) Rule 2210
✔✔B) Rule 2111
C) Rule 3110
D) Rule 4511
Customer-specific suitability requires consideration of all EXCEPT:
A) Investment objectives
B) Financial situation
✔✔C) Firm profitability
D) Risk tolerance
Which document must be provided to a customer when opening a new account?
A) Trade confirmation
✔✔B) Customer Relationship Summary (Form CRS)
C) Prospectus
D) Margin agreement only
2
,FINRA Rule 4512 primarily governs:
A) Advertising content
✔✔B) Customer account information
C) Trading halts
D) Disciplinary actions
How long must a firm retain customer account records under FINRA rules?
A) 2 years
✔✔B) At least 6 years
C) 1 year
D) 10 years
Which activity would most likely violate FINRA Rule 2010?
A) Fair pricing disclosure
✔✔B) Misrepresentation to a customer
C) Timely trade execution
D) Proper supervision
FINRA Rule 3110 focuses on:
A) Communications with the public
✔✔B) Supervision
C) Financial reporting
3
, D) Licensing requirements
Who is responsible for a firm’s written supervisory procedures?
A) Any registered representative
✔✔B) The firm’s management
C) FINRA examiners
D) The SEC
Which FINRA rule governs anti-money laundering compliance?
A) Rule 2210
✔✔B) Rule 3310
C) Rule 2111
D) Rule 4512
A firm’s AML program must include all EXCEPT:
A) Customer identification procedures
B) Ongoing monitoring
✔✔C) Guaranteed investment returns
D) Independent testing
Which organization provides investor protection through brokerage account coverage?
A) FINRA
B) SEC
4
